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Abcourt Mines
(ABI)
Abcourt Mines (ABI) vs. iShares MSCI Canada ETF (EWC)
Abcourt Mines Business Overview & Revenue Model
Abcourt Mines Financial Statement Overview
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.89M | 0.00 | 265.12K | 7.01M | 20.39M | 27.59M |
| Gross Profit | -5.03M | -545.55K | -338.00K | 2.78M | -2.41M | 3.43M |
| EBITDA | -16.72M | -15.43M | -10.36M | -4.82M | -19.48M | 4.92M |
| Net Income | -18.79M | -14.42M | -11.59M | -5.34M | -21.62M | 2.42M |
Balance Sheet | ||||||
| Total Assets | 38.94M | 21.41M | 14.06M | 17.40M | 12.29M | 31.79M |
| Cash, Cash Equivalents and Short-Term Investments | 2.03M | 2.58M | 757.75K | 963.97K | 720.51K | 2.45M |
| Total Debt | 17.65M | 2.28M | 1.32M | 1.85M | 2.48M | 1.93M |
| Total Liabilities | 36.30M | 22.01M | 20.35M | 19.27M | 15.41M | 15.05M |
| Stockholders Equity | 2.64M | -599.53K | -6.28M | -1.87M | -3.13M | 16.73M |
Cash Flow | ||||||
| Free Cash Flow | -33.37M | -17.94M | -10.40M | -664.31K | -3.94M | -2.59M |
| Operating Cash Flow | -25.13M | -17.53M | -10.16M | -79.64K | -1.96M | 5.12M |
| Investing Cash Flow | -11.31M | 232.77K | 3.64M | -477.14K | -1.98M | -7.12M |
| Financing Cash Flow | 36.77M | 19.12M | 6.31M | 800.25K | 2.21M | 2.49M |
Abcourt Mines Technical Analysis
Abcourt Mines Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$115.95M | -39.48 | -32.54% | ― | ― | -661.70% | |
53 Neutral | C$110.78M | 3.32 | -0.57% | ― | 160.50% | 96.56% | |
50 Neutral | C$188.08M | -8.73 | -91.76% | ― | ― | 16.91% | |
50 Neutral | C$134.42M | -9.78 | ― | ― | ― | ― | |
47 Neutral | C$139.06M | -9.44 | ― | ― | ― | -77.78% | |
42 Neutral | C$125.10M | -27.33 | ― | ― | -100.00% | -7.21% |
Abcourt Mines Corporate Events
Abcourt Mines has completed a high-resolution drone magnetic survey over its Flordin gold property in Quebec, covering 463 kilometres of tightly spaced flight lines to map subsurface structures. The work confirms that a major magnetic anomaly, corresponding to a mafic lava sequence hosting the Cameron Shear Corridor, extends continuously across the property and aligns with known gold-bearing zones.
Processed magnetic data highlight late NE-SW and N-NE structural displacements that offset geological units and mineralized zones, providing clearer targets for exploration. All 20,000 metres of drilling planned for 2026 are positioned within this main magnetic anomaly, suggesting a more focused and potentially more efficient exploration program that could enhance the project’s geological understanding and resource potential for stakeholders.
The most recent analyst rating on (TSE:ABI) stock is a Hold with a C$0.10 price target. To see the full list of analyst forecasts on Abcourt Mines stock, see the TSE:ABI Stock Forecast page.
Abcourt Mines reported second-quarter results to December 31, 2025, posting $4.9 million in revenue and a profit from mining operations despite an overall net loss of $1.1 million for the quarter and $8.7 million for the first half. The company cited ongoing development and rehabilitation work at its Sleeping Giant mine, improved working capital of $8.3 million, and stronger shareholder equity as indicators of operational progress.
During the period, Abcourt advanced underground development and maintenance at Sleeping Giant and completed the filing of gold in circuit at its mill, steps aimed at supporting higher production rates. The company also strengthened its balance sheet through a $10 million private placement and a binding agreement with Glencore AG for up to $30 million in senior debt financing tied to a production purchase agreement, bolstering funding for its path toward commercial production.
The most recent analyst rating on (TSE:ABI) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on Abcourt Mines stock, see the TSE:ABI Stock Forecast page.
Abcourt Mines reported a strong operational performance in January 2026 at its Sleeping Giant Mine, highlighted by record gold production driven by higher processed tonnage and grades, and the hiring of 25 new employees, bringing its workforce to more than 125 people plus contractors. This operational momentum underscores improved efficiency and the mine’s potential as the company continues to ramp up underground and mill activities.
For 2026, Abcourt outlined a slate of projects including the progressive ramp-up of long-hole stopes to boost output, hoist upgrades to enable mining of deeper zones, expansion of camp accommodations, technical improvements to the tailings facility, and increased geological drilling to extend mine life. These investments are aimed at supporting higher production capacity, enhancing safety and environmental management, and reinforcing the company’s long-term growth trajectory at Sleeping Giant.
The most recent analyst rating on (TSE:ABI) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on Abcourt Mines stock, see the TSE:ABI Stock Forecast page.
Abcourt Mines has resumed drilling on its Flordin Property, launching a 20,000-metre Phase 2 drilling program split between the Cartwright and South Zone sectors to extend and better define gold-bearing zones both laterally and at depth over more than two kilometres. The campaign, which follows an initial 4,000-metre phase completed last year, targets continuity and consolidation of multiple historical and newly defined gold zones—such as Adam-Horse, Little Joe, the South Zone and the Altered Zone—into larger, potentially economic envelopes, a step that could significantly advance the project’s resource definition and enhance Abcourt’s strategic position in the regional gold exploration play.
The most recent analyst rating on (TSE:ABI) stock is a Hold with a C$0.11 price target. To see the full list of analyst forecasts on Abcourt Mines stock, see the TSE:ABI Stock Forecast page.
Abcourt Mines Inc. has appointed long-time strategic partner Dany Cenac Robert as Vice-President, Communications and Corporate Development, strengthening its management team as it advances gold projects in Quebec. With more than two decades of experience in strategic communications, financial markets, and corporate growth, including key roles at several mining companies and expertise in mergers and acquisitions, investor relations and financial communications, Cenac Robert will oversee strategic communications, investor and stakeholder relations, corporate development and growth strategy, and strategic advisory, a move expected to bolster Abcourt’s positioning and support its progression toward key milestones at its Sleeping Giant and Flordin assets.
The most recent analyst rating on (TSE:ABI) stock is a Hold with a C$0.11 price target. To see the full list of analyst forecasts on Abcourt Mines stock, see the TSE:ABI Stock Forecast page.
Abcourt Mines has closed a senior secured debenture financing of up to US$30 million and an associated offtake agreement with commodities giant Glencore, securing a long‑term buyer for 100% of the gold and silver dore from its Sleeping Giant mine for at least six years. The deal, which immediately delivers US$18.125 million with an additional US$11.875 million available in late 2026 or early 2027, will be used to refinance higher‑cost debt, fund exploration and key capital expenditures at Sleeping Giant, and bolster working capital, while Glencore gains offtake and financing rights over other Abcourt projects and a large package of warrants and investor rights that deepen its strategic influence. The structure, including a second‑ranking security interest over Abcourt’s assets and Glencore’s right to participate in future equity financings, underpins a longer‑term partnership that management says should accelerate development of projects like Flordin, Barvue and Aldermac, strengthen Abcourt’s balance sheet and enhance visibility for shareholders on future financing and market access.
The most recent analyst rating on (TSE:ABI) stock is a Hold with a C$0.10 price target. To see the full list of analyst forecasts on Abcourt Mines stock, see the TSE:ABI Stock Forecast page.
Abcourt Mines reported steady progress in underground development and rehabilitation at its Sleeping Giant mine in Quebec during the quarter and month ended December 2025, despite a holiday-related pause at the ore processing plant from December 22 to January 5. The company advanced stope development, continued recruitment, and achieved year-to-date metrics of 11,039 metres of diamond drilling, 2,606 metres of drift rehabilitation, 361 metres of underground development, and 9,163 tonnes milled at an average head grade of 6.1 g/t, resulting in 1,711 ounces of gold produced and 863 ounces poured, with 849 ounces of gold remaining in circuit and additional silver by-product sales. Management highlighted that ongoing underground work is laying the groundwork for future stope extraction and noted collaboration with partner Glencore on closing the first tranche of a planned US$30 million investment, underlining the project’s continuing ramp-up and the financial support underpinning its development trajectory.
The most recent analyst rating on (TSE:ABI) stock is a Hold with a C$0.12 price target. To see the full list of analyst forecasts on Abcourt Mines stock, see the TSE:ABI Stock Forecast page.
Abcourt Mines has appointed mining engineer and former director Loïc Bureau as Chief Operating Officer, prompting his resignation from the board so he can fully focus on the company’s operations, including the recently restarted Sleeping Giant mine. Bureau brings more than two decades of international mining operations and leadership experience, including previous roles at Pershimco Resources and as chairman of Pershimex Resources, where he oversaw the merger with Abcourt, while a new chairman, Noureddine Mokaddem, has been named to lead the board. Management presents these moves as a key step to support Abcourt’s growth, the ramp-up of production at Sleeping Giant and its broader exploration strategy in Abitibi, and notes that negotiations with Glencore for up to US$30 million in senior debt financing and a production purchase agreement are progressing toward a final agreement, potentially strengthening Abcourt’s funding and offtake profile.
The most recent analyst rating on (TSE:ABI) stock is a Hold with a C$0.12 price target. To see the full list of analyst forecasts on Abcourt Mines stock, see the TSE:ABI Stock Forecast page.
Abcourt Mines Inc. has signed a binding term sheet with Glencore AG for up to US$30 million in senior debt financing, along with an associated offtake agreement covering future gold, silver and other mineral production. The two-tranche facility will allow Abcourt to refinance higher-cost debt, fund exploration and capital expenditures at its Flordin project, and bolster working capital, while Glencore receives warrants, participation rights in future equity financings and broad offtake and first-refusal rights over production from Abcourt’s key assets, including all dore from the Sleeping Giant Mine and future output from Flordin-Cartwright. The arrangement is expected to lower Abcourt’s cost of capital, extend debt maturities and secure a long-term sales channel for its metals, potentially strengthening the company’s balance sheet and accelerating development timelines, subject to final documentation and regulatory approvals.
Abcourt Mines has signed a binding term sheet with Glencore AG for up to US$30 million in senior debt financing and a related offtake agreement, providing funds in two tranches to refinance higher-cost debt, support exploration and capital expenditures at the Flordin project, and bolster working capital. The package, which also grants Glencore warrants, participation rights in future equity financings, and long-term rights to purchase production from the Sleeping Giant Mine and other Abcourt properties, is expected to lower Abcourt’s cost of capital, secure a key marketing channel for its future gold, silver and other mineral output, and strengthen its strategic positioning ahead of anticipated production growth, subject to regulatory and closing conditions.
Abcourt Mines Inc. provided an operations update for November concerning its Sleeping Giant Mine project, highlighting progress in workforce expansion and workplace development. Challenges related to sequencing during startup impacted throughput, but the company emphasized improved mill recovery and head grade. Additionally, Abcourt announced its recognition at the Mines and Money conference as one of the best mining projects globally, aiming to raise investor awareness and solidify its industry positioning. A notable collaboration with Technica Mining will further develop skilled labor for long-term growth, indicating strategic efforts to foster both operational and workforce development.
Abcourt Mines Inc. announced the successful results of its Annual Shareholders Meeting, with all resolutions receiving over 94% approval. The meeting saw the election of board nominees and the reappointment of Raymond Chabot Grant Thornton as auditors. Noureddine Mokaddem was appointed as the new Chairman of the Board, while other key officers retained their positions, signaling stability and continuity in the company’s leadership.